Reuters Asia Business

HANOI (Reuters) – Foreign investment in Vietnam surged in October as the manufacturing hub attracted more than double the financial pledges it has received monthly this year, amid a big boost in spending for new plants, official data showed on Friday. So far in October, the Southeast Asian country has received foreign investment commitments worth …

Foreign investment surges in Vietnam as companies plan new factories Read More »

By Krystal Hu NEW YORK (Reuters) -The founder of the world’s biggest chipmaker, Morris Chang, said on Thursday that increasing tensions over technology between the United States and China will slow down the global chip industry. Chang, who founded Taiwan Semiconductor Manufacturing Co in the late 1980s, made the remarks at an event hosted by …

US-China tensions will slow global chip industry, TSMC founder says Read More »

By Rocky Swift TOKYO (Reuters) -Japan’s biggest drugmaker Takeda Pharmaceutical on Thursday slashed its full-year profit forecast by 36% as it contends with disappointments in its development pipeline and the loss of patent protection on key products. Takeda lowered its operating profit forecast to 225 billion yen ($1.5 billion) in the financial year ending March …

Japan’s Takeda slashes full-year profit forecast on drug pipeline impairments Read More »

By Ludwig Burger and Alexander Hübner FRANKFURT/MUNICH (Reuters) -German technology groups have warned they are being hit by delays in getting China-bound exports through customs, following the introduction of a German government strategy to reduce economic dependence on demand from China. German chip-making kit supplier Suess MicroTec late on Wednesday cut its sales forecasts for …

German exports to China hit by slow customs processing, tech firms warn Read More »

By Ariba Shahid and Swati Bhat KARACHI, Pakistan (Reuters) – Pakistan’s central bank is largely expected to hold rates steady at a meeting on Monday, according to a majority of analysts polled by Reuters, as the country awaits its first review following a loan from the International Monetary Fund. The South Asian nation has embarked …

Pakistan cenbank to keep rates on hold ahead of IMF review, Reuters poll shows Read More »

BEIJING (Reuters) – The northern Chinese city of Tangshan, China’s top steel production hub, will launch a level-2 emergency response from Friday amid a forecast of heavy air pollution, it said on its WeChat account on Thursday. Separately, the municipal Ecology and Environment Bureau of Handan, another steel production hub in northern China, announced it …

China steel hub Tangshan to take steps to control pollution Read More »

BEIJING/HONG KONG (Reuters) – China Construction Bank Corp (CCB) on Thursday reported a 2.63% rise in third-quarter net profit. China’s second-biggest lender by assets saw profits rise to 88.11 billion yuan ($12.04 billion) in the July to September period, up from 85.85 billion yuan in the same period last year, according to a filing by …

China Construction Bank Q3 profit up 2.63% Read More »

By Heekyong Yang and Joyce Lee SEOUL (Reuters) – Hyundai Motor said on Thursday it would not delay plans to roll out new electric vehicles and was upbeat about prospects for continued growth this year – a contrast to recent steps by rivals to cut back on EV output. Electric vehicle sales are growing strongly …

Hyundai sticks to EV rollout plans, sees solid growth this year Read More »

HANOI (Reuters) – A rough year for Vietnam’s real estate sector has seen developers miss interest payments on debt, amid a credit crunch spurred by ill-timed government measures, although spillover risk has been limited. The sector was the worst performer last month on the falling Ho Chi Minh City stock exchange, with a drop of …

Explainer-Vietnam’s real estate woes: how much worse can they get? Read More »